A relevant market is characterized by the presence of ________.
A) unique goods and services
B) reasonably interchangeable goods and services
C) highly differentiated goods and services
D) pure monopoly of the defendant's goods and products

Question

Quizplus · Accepted Answer

A relevant market is a market where firms compete with each other to sell goods or services that are similar in terms of their characteristics, prices, and intended use. Therefore, the presence of reasonably interchangeable goods and services is a key characteristic of a relevant market. Unique goods and services and highly differentiated goods and services may not be considered substitutes by consumers and therefore may not be included in the same relevant market. A pure monopoly is not a characteristic of a relevant market, as a relevant market implies multiple firms competing with each other.

A Relevant Market Is Characterized by the Presence of ________